March quarter 2007 to June quarter 2007 movements (in original terms) -

Taxation revenue increased by 14.0% to $89,494m.

The GFS net operating balance for the general government sector increased to 12,023m.

The GFS net lending(+)/borrowing(-) position for the general government sector increased to a net lending position of $7,403m.

GFS KEY FIGURES: ALL LEVELS OF GOVERNMENT, ORIGINAL

Mar qtr 2007

Jun qtr 2007

% change
Mar qtr 2007to Jun qtr 2007

$m

$m

%

Current Prices

Taxation revenue

General government

78,519

89,494

14.0

Total revenue

General government

94,907

108,674

14.5

Public Non-Financial corporations

13,571

15,041

10.8

Total expenses

General government

88,170

96,651

9.6

Public Non-Financial corporations

12,683

13,986

10.3

GFS Net operating balance

General government

6,737

12,023

..

Public Non-Financial corporations

889

1,055

..

GFS Net lending(+)/borrowing(-)

General government

4,484

7,403

..

Public Non-Financial corporations

-1,421

-3,180

..

QUARTERLY NATIONAL ACCOUNTS PUBLIC SECTOR MEASURES - KEY FIGURES

The table below includes the key public sector aggregates for the June quarter 2007 from the national accounts publication. The key figures shown include Government Final Consumption Expenditure and Gross Fixed Capital Formation for general government and public corporations, seasonally adjusted for current prices and in chain volume terms.

In seasonally adjusted chain volume terms, total general government final consumption expenditure increased by 0.5% in the June quarter 2007.

General government gross fixed capital formation, in seasonally adjusted chain volume terms, increased by 14.0% in the June quarter 2007.

(a) See paragraph 32 of the Explanatory Notes for the relationship between general government final consumption expenditure and GFS aggregates.(b) Reference year for chain volume measures is 2004-05.

JUNE QUARTER 2007 GFS RELEASE

This release presents quarterly government finance statistics (GFS) on an accrual accounting basis. All tables are presented in GFS operating statement format and are for the general government sector, with the exception of Table 2 which presents data for the public non-financial corporations sector.

Telstra Corporation was effectively privatised on 20 November 2006. For the purposes of ABS statistics this change from the public to the private sector is effective from the March quarter 2007. This change has impacted on the data series presented in this publication, particularly the March and June quarter data presented in Table 2 All levels of Government - Public Non-financial Corporations. For more information please see ABS cat. no. 8102.0, Future Treatment of Telstra in ABS Statistics 2007

Quarterly GFS are released for the current financial year only. Users requiring data for earlier periods should consult Government Finance Statistics, Australia (cat.no. 5512.0). The latest issue (2005-06) was released on 3 April 2007.

RELEASE OF QUARTERLY GFS THIS ISSUE

Table

Sept 06

Dec 06

Mar 07

Jun 07

Table 1 All Levels of Government - General Government

*

*

*

*

Table 2 All Levels of Government - Public Non-Financial Corporations

*

*

*

*

Table 3 Commonwealth Government

*

*

*

Table 4 Total State & Local

*

*

*

Table 5 New South Wales Total State & Local

*

*

*

Table 6 Victoria Total State & Local

*

*

*

Table 7 Queensland Total State & Local

*

*

*

Table 8 South Australia Total State & Local

*

*

*

Table 9 Western Australia Total State & Local

*

*

*

Table 10 Tasmania Total State & Local

*

*

*

Table 11 Northern Territory Total State & Local

*

*

*

Table 12 Australian Capital Territory Total State & Local

*

*

*

FORTHCOMING ISSUES

The release of GFS quarterly data is usually coordinated to be the day before the respective issue of Australian National Accounts: National Income, Expenditure and Product(cat. no. 5206.0). The release of the June quarter 2007 issue of 5206.0 was brought forward to 04/09/2007. The scheduled release dates for the September quarter 2007 and December quarter 2007 issues are:

Issue

5519.0.55.001

5206.0

September 2007

04/12/2007

05/12/2007

December 2008

04/03/2008

05/03/2008

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070, email <client.services@abs.gov.au> or Mark Patton on Canberra (02) 6252 7589, email <public.finance@abs.gov.au>.

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